|Bid||0.00 x 2200|
|Ask||0.00 x 1400|
|Day's Range||22.06 - 22.88|
|52 Week Range||8.86 - 23.81|
|Beta (5Y Monthly)||1.88|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.28 (1.30%)|
|Ex-Dividend Date||May 24, 2021|
|1y Target Est||N/A|
Rating Action: Moody's stabilises TMK's outlook, affirms B1 ratingsGlobal Credit Research - 15 Mar 2021London, 15 March 2021 -- Moody's Investors Service ("Moody's") has today affirmed the B1 corporate family rating (CFR), B1-PD probability of default rating (PDR) of PAO TMK (TMK), one of the world's largest producers of steel pipe products for the oil and gas industry. Concurrently Moody's affirmed the B1 senior unsecured rating of the notes issued by TMK Capital S.A., a wholly owned subsidiary of TMK. TMK will pay RUB84.2 billion (over $1.1 billion) for the acquired stake using cash on its balance sheet and acquisition financing, valuing 100% of the ChelPipe's equity at over RUB97 billion and the enterprise value (including estimated pro-forma net debt) at about RUB157 billion.
Tenaris (TS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Tenaris S.A. (TS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.